Thursday, November 3, 2016

Bayh's Back: Running to Protect PEU Interests

Indiana Senator Evan Bayh retired from Congress in 2010 due to the toxic nature of hyper-partisan politics. If political discourse hasn't improved the last six years why does Evan Bayh want his old seat back? To protect the PEUs he's served, giant lobbying firm McGuire Woods and Apollo Global Management, one of the huge private equity underwriters sponsoring Bayh's return to Congress. Others include Bain Capital, The Carlyle Group and Eton Park Capital. They'd love to have Senator Evan back in power to block bills that rectify long term PEU preferred taxation.

Insider Architect of the Implosion

"I had a choice. I could be an insider or I could be an outsider. Outsiders can say whatever they want. But people on the inside don’t listen to them. Insiders, however, get lots of access and a chance to push their ideas. People — powerful people — listen to what they have to say. But insiders also understand one unbreakable rule: They don’t criticize other insiders."--Larry Summers, Ph.D.

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